Carlyle raises $620m for fourth CLO fund for 2012


Alternative asset manager The Carlyle Group has raised $620m for its latest collateralised loan obligation (CLO) fund, the firm’s fourth new-issue CLO in less than a year.

Carlyle Global Market Strategies CLO 2012-4 will invest in corporate leveraged loans and high yield bonds.

The firm’s last new-issue CLO fund closed in September on $615m.

The firm closed its first new-issue CLO of the year in March and its second in June, both at $510m, and has now raised $2.26bn in new-issue CLOs for the year.

Carlyle’s structured credit/CLO business, with $17bn in assets under management, is part of the firm’s global market strategies platform, which has more than $30bn in assets under management.

The platform includes mezzanine and energy mezzanine loans, high yield and structured credit, distressed equity and debt, and hedge fund strategies.

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